Logo


Birla plans to exit low-margins business in India, abroad

Ruminates sale of its fertiliser business

A farmer casts urea on her mustard field in Allahabad
A farmer casts urea on her mustard field in Allahabad

TheAdityaBirlaGroupisplanningtoexitlowmarginsbusinessinIndiaandabroad,aspartofitsplantoreorganiseitsactivities,post-mergerofitstwoholdingcompanies-GrasimandAdityaBirlaNuvo.Aspartofitsstrategem,thegrouphasidentifiedthesaleofitsfertiliserbusinessthathadearnedit~2,498-croreofrevenueinFY16.ThebusinessiscurrentlyoperatedbyIndoGulfFertilisers,asubsidiaryofAdityaBirlaNuvo.    Accordingtoabankingsource,theprocesstosellthefertiliserbusinesshasbeeninitiated;thesalewouldbecompletebythe ...